16. Assertion (A): A tenet of scientific management is co-operation and harmony between workers and managers.
Reason (R): Taylor believed in participative management.
In the context of the above two statements which one of the following is correct?
(a) A and R are true and R is the correct explanation of A.
(b) A and R are true but R is not the correct explanation of A.
(c) A is true but R is false
(d) A is false but R is true.
Ans. (c)

17. Assertion (A): According to Taylor, one of the best way of doing each task leads to increase in productivity in organization.
Reason (R): It was the management’s responsibility alone to find out this one of the best way.
Codes:
(a) A and R are true and R is the correct explanation of A.
(b) A and R are true but R is not the correct explanation of A.
(c) A is true but R is false.
(d) A is false but R is true.
Ans. (b)

20. Assertion (A): The theory and hypotheses of Argyris suggest no relationship between personal development of the individual and the organizational situation.
Reason (R): The principles and characteristics of a formal organization, in the opinion of Argyris, are incongruent to the needs of adult human beings.
Codes:
(a) A and R are true and R is the correct explanation of A.
(b) A and R are true but R is not the correct explanation of A.
(c) A is true but R is false.
(d) A is false but R is true.
Ans. (d)

24. Which of the following are the methods of market new issues of securities?
I. Listing of securities
II. Jobbers and brokers
III. Private placement of securities
IV. Privileged subscriptions
Select the correct answer using the codes given below.
Codes:
(a) I and II
(b) II and III
(c) III and IV
(d) I, II, III, and IV
Ans. (c)

43. Partnership is a form of business organization in which business debts can be recovered from:
(a) The managing partners
(b) MI the managers and partners
(c) The firm and the managers
(d) The firm and all the partners
Ans. (d)

44. The main objective of Stock Exchange is to:
(a) Provide facilities for speculation
(b) Safeguard the interest of investors
(c) Help in the capital formation in the country
(d) Provide a ready market for securities
Ans. (b)

47. Dumping is an example of:
(a) Monopolistic practice in international trade
(b) Monopoly in international trade
(c) Oligopoly in international trade
(d) Perfect competition in international trade
Ans. (a)

48. A critical activity is defined as one whose:
(a) Total float is zero
(b) Free float is zero
(c) Duration is the longest
(d) None of the above
Ans. (a)